Loading page content
Data from U.S. Energy Information Administration. Forecasts by Sigmanomics Forecast Engine.
United StatesUS EIA Cushing Crude Oil Stocks Change climbed to -1.06M in March 2023
U.S. Energy Information AdministrationMonthlyReleased March 2023
US EIA Cushing Crude Oil Stocks Change climbed to -1.06M in March 2023, up 0.85M from February's -1.92M reading. The print exceeded the -1.56M consensus by 0.5M. The print is running well below the 12-month average of 1.06M. Over the past 3 months, EIA Cushing Crude Oil Stocks Change averaged 1.06M, vs 0.02M in the prior 3-month window. The reading is in the 7th percentile of the trailing 24-month range.
Latest Release
-1.063
Actual
-1.558
Consensus
-1.916
Previous
Median Absolute Error
±0.78 million
across last 3 releases
Last Call
Mar 2023
Predicted: -1.56
Actual: -1.06
Error: -0.5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
EIA Cushing Crude Oil Stocks Change (United States) was reported at -1.31 million in August 2026. The reading fell from the previous value of 1.61 million. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -0.02 million, ranging from -2.79 million to 3.42 million across 41 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.88 million, up from the prior three at -1.06 million. Volatility over the past year (σ 1.18 million) is higher than the prior year (σ 0.91 million). In August readings over the past 3 years, EIA Cushing Crude Oil Stocks Change has averaged -0.09 million.
WHAT TO WATCH NEXT
The next release is scheduled for August 26, 2026. Same-country events in the next 14 days include Chicago Fed National Activity Index (Aug 24) and Fed Barkin Speech (Aug 25).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
SHARE
EIA Cushing Crude Oil Stocks Change - US
Loading chart data...
About EIA Cushing Crude Oil Stocks Change — United States
DEFINITION
The EIA Cushing Crude Oil Stocks Change is a key financial indicator that measures the weekly change in the amount of crude oil held in storage at the Cushing, Oklahoma facility. This data is closely monitored by investors and analysts as it provides insight into the supply and demand dynamics of the oil market, which can impact prices and overall market trends. The EIA Cushing Crude Oil Stocks Change is a valuable tool for assessing the health of the oil industry and making informed investment decisions.
WHY THIS INDICATOR MATTERS
Energy-supply and inventory data shape commodity-curve positioning and feed through to headline inflation and consumer-discretionary spending. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual -1.314 M. Prior reading (Aug 2026): 1.611 M. Before that (Aug 2026): 2.356 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - US Events
| Monday, August 24, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Chicago Fed National Activity Index | -0.02 | 0.1 | 0.32 | Medium | |
| Tuesday, August 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:00 | US | House Price Index | 442.4 | 442.8 | 442.65 | Low | |
| 13:00 | US | S&P/Case-Shiller Home Price MoM | 0.9 | 0.4 | 0.65 | Low | |
| 13:00 | US | S&P/Case-Shiller Home Price YoY | 1.6 | 1.7 | 1.60 | Medium | |
| 13:00 | US | House Price Index YoY | 2.2 | 2.2 | 2.15 | Low | |
| 13:00 | US | House Price Index MoM | 0.3 | 0.2 | 0.20 | Low | |
| 14:00 | US | Richmond Fed Manufacturing Index | 5 | 7 | 11.50 | Low | |
| 14:00 | US | New Home Sales | 0.628 | 0.62 | 0.62 | Medium | |
| 14:00 | US | Richmond Fed Services Index | -3 | -1 | 2.00 | Low | |
| 14:00 | US | Richmond Fed Manufacturing Shipments Index | 8 | 7 | 15.50 | Low | |
| 14:00 | US | CB Consumer Confidence | 90.8 | 90.3 | 90.90 | High | |
| Wednesday, August 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Non Defense Goods Orders Ex Air | 0.9 | 0.6 | -0.15 | Low | |
| 12:30 | US | Durable Goods Orders MoM | 0.3 | 0.7 | 2.90 | High | |
| 12:30 | US | Durable Goods Orders Ex Transp MoM | 0.6 | 0.5 | 0.80 | Medium | |
| 12:30 | US | PCE Price Index MoM | -0.1 | 0.1 | 0.05 | Medium | |
| 12:30 | US | Durable Goods Orders Ex Defense MoM | 0.3 | 0.1 | 3.05 | Low | |
| 12:30 | US | Corporate Profits QoQ | 0.5 | 0.7 | -2.35 | Medium | |
| 12:30 | US | Core PCE Price Index YoY | 3.3 | 3.3 | 3.30 | Low | |
| 12:30 | US | Core PCE Price Index MoM | 0.1 | 0.2 | 0.15 | High | |
| 12:30 | US | PCE Price Index YoY | 3.7 | 3.7 | 3.70 | Medium | |
| 12:30 | US | Personal Income MoM | 0.2 | 0.3 | 0.10 | High | |
| 12:30 | US | Personal Spending MoM | 0.3 | 0.2 | 0.15 | High | |
| 12:30 | US | Real Consumer Spending | 3.2 | 3.2 | 3.20 | Low | |
| Thursday, August 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Goods Trade Balance Adv | -101.4 | -99 | -99.00 | Medium | |
| 12:30 | US | Jobless Claims 4-Week Average | 204 | 203 | 202.00 | Low | |
| 12:30 | US | Initial Jobless Claims | 206 | 209 | 211.00 | Medium | |
| 12:30 | US | Retail Inventories Ex Autos MoM | -0.4 | 0 | 0.00 | Medium | |
| 12:30 | US | Wholesale Inventories MoM | 0.2 | 0.1 | 0.10 | Medium | |
| 12:30 | US | Continuing Jobless Claims | 1799 | 1811 | 1814.00 | Low | |
| 12:30 | US | Goods Trade Balance | -101.41 | -99.9 | -99.90 | Medium | |
| 15:00 | US | Kansas Fed Manufacturing Index | 17 | 14 | 14.00 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 9 | 8 | 8.00 | Low | |